Caribbean hotels report ADR, RevPAR records
 
Caribbean hotels report ADR, RevPAR records
25 JANUARY 2016 8:25 AM
The Caribbean hotel industry reported record-breaking results in two of the three key performance metrics in 2015, according to data from STR.
HENDERSONVILLE, Tennessee—The Caribbean hotel industry reported record-breaking results in two of the three key performance metrics in 2015, according to data from STR, Inc.
 
For the year, average daily rate in the market was US$229.44, and revenue per available room was US$157.74. Each of those absolute values was the highest STR has ever benchmarked for a total year in the Caribbean. 
 
In addition, the market’s 68.8% absolute occupancy in 2015 tied 2006 for the third-highest year-end occupancy on record behind 2005 and 2004.
 
All 12 months in 2015 produced year-over-year increases for ADR and RevPAR in the Caribbean. Occupancy increased year over year in nine of the 12 months. 
 
February was the year’s top-performing month for occupancy (79.2%) in the Caribbean. December produced a record ADR (US$304.34) in the market, as did March for RevPAR (US$224.00). 
 
STR’s census database shows more than 230,000 rooms in more than 1,900 hotels in the Caribbean. 

Media Contacts:
 
Jeff Higley
VP, Digital Media & Communications       
jhigley@str.com
+1 (615) 824-8664 ext. 3318
 
Nick Minerd
Public Relations Coordinator
nminerd@str.com
+1 (615) 824-8664 ext. 3305
 
 

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